CFTC to Host Cryptocurrency CEO Forum to Discuss Digital Asset Market Pilot Program

May 2 — Federal Reserve top banking regulator Bowman said regulators must consider how best to regulate new technologies like Anthropic’s Mythos. “On one hand, this capability lets companies address vulnerabilities they’ve identified on their own, boosting cybersecurity,” Bowman noted. “On the other, if used maliciously, it could identify and exploit vulnerabilities.” Anthropic, as it evaluates safeguards against this powerful new technology, has already restricted the rollout of its latest AI model. The model has also prompted Trump administration officials to start weighing the risk of a cyberattack threatening financial stability. (Jinse)

On May 2, the Ethereum Foundation announced it sold 10,000 ETH to BitMine — Ethereum’s largest treasury company — through an over-the-counter (OTC) platform, at an average price of $2,292.15 per ETH.

On May 2, U.S. President Donald Trump said the U.S. “will not leave” the Strait of Hormuz currently. He defended the U.S. blockade, calling it “very powerful,” and noted the measures are working. Trump claimed that once the war ends, prices of oil, natural gas and other commodities will collapse. He also praised the U.S. stock market’s record high and stated all projects under his administration were completed “on time” and “on budget.”

**Iran Submits New Proposal to U.S. to End War, Signals Compromise for Talks** Iran sent a new proposal to the U.S. on May 2nd aimed at ending the ongoing conflict, showing signs of compromise to restart negotiations and resolve an impasse that has severely harmed its economy, sources familiar with the matter told The Wall Street Journal. The proposal marks a shift toward Washington: it links Tehran’s conditions for open access to the Strait of Hormuz with U.S. commitments to halt attacks and lift the blockade on Iranian ports, with both issues to be discussed simultaneously. Previously, Iran had insisted the U.S. lift the blockade as a precondition for talks, and demanded Washington first agree on war-ending terms before addressing the strait’s future management or its nuclear program. The new plan also includes discussions on Iran’s nuclear issues in exchange for U.S. sanctions relief. Iran has informed mediators that if the U.S. shows openness to the proposal, it is read

May 2 – According to *The Wall Street Journal*, former President Donald Trump notified Congress Friday that U.S. hostile action against Iran ended in April, in a move to bypass congressional authorization. He cited the 1973 War Powers Act, which allows a president to deploy military forces overseas for up to 60 days without legislative approval—authority that expired May 1. In his letter, Trump asserted the U.S. halted combat operations against Iran on April 7, when the two countries reached a temporary ceasefire that has since been extended. He added that if hostilities resume, the 60-day clock would reset, a legal interpretation expected to face pushback from Senate Democrats. “Since April 7, 2026, there has been no exchange of fire between U.S. military forces and Iran,” Trump wrote. “The hostile action that began on February 28, 2026, has now ceased.” (JS)

May 2: U.S. President Trump said Iran has made "significant progress" toward a deal, but he’s unsure if a final agreement will come together. On the prospect of new face-to-face talks in Pakistan, Trump noted the U.S. "has great respect" for Pakistan and its leaders, but "the path ahead is long" — all ongoing negotiations are taking place over the phone. Per PolyBeats data, the prediction platform Polymarket shows the probability of a "next U.S.-Iran diplomatic meeting" is 6% (five days ago), 25% (15 days ago), and 48% by month’s end.